Europe Snow Chains Market Size Will Reach $213.45 Million in 2024

Europe Snow Chains Market Overview

According to Global Market Monitor, the Europe snow chains market size will reach $213.45 million in 2024 with a CAGR of 4.67% from 2024 to 2029.

Snow chains, also known as tire chains, are a type of chain mounted on a wheel that allows the vehicle to remain gripped without slipping when driving on snow or icy roads. The snow chain is mounted on the drive wheels of the vehicle and is installed on both the left and right sides. Since the snow chain can be installed, it may increase fuel consumption and the speed cannot exceed 50 kilometers per hour.

The Relevant Regulations Are One of the Important Driving Factors of the Snow Chain Market.

Winter road conditions in northern and central Europe are very complex, especially in winter rest areas. Snow and ice are common on the roads. As a result, the adhesion of tires to the road becomes poor. Therefore, European countries have made relevant legal requirements for the use of winter tires and skid chains. The laws on the use of winter tires and skid chains vary from country to country and even from region to region. For example, in Croatia, in sleet, snow, and ice, at least two winter tires must be installed on the drive axle. Chains and spades must be carried. In the Czech Republic, winter tires are mandatory. Where indicated, skid chains must be used. Winter tires are not compulsory in Turkey. Skid chains must be carried in certain areas. Winter tires are mandatory in Russia and Serbia. You must carry a skid chain. The relevant regulations on the use of skid chains in these regions are also one of the important driving factors of the skid chain market.

Market News

In December 2023, South Korean auto giants Hyundai Motor and Kia unveiled a new tire technology to make driving safer and easier in winter conditions. Unlike conventional chains, which are complex to install and remove, the technology automatically deployable the chain with the push of a button. Using a shape memory alloy module located inside the wheel and tire, the technology consists of a wheel and tire assembly with periodic radial grooves. Improved grip, stability, and safety on snow roads. In normal driving mode, the driver can also identify tire wear if the surface is worn to the height of the module. The technology is patent-pending in both South Korea and the United States, and both automakers are ready to consider mass production after further technological development.

By Type	Metal Snow Chains
	Non-metal Snow Chains
	The metal snow chains segment contributes the largest market share.
By Application	Passenger Cars
	Commercial Vehicles
	Other Vehicles
	The commercial vehicles segment occupies the biggest share.